Jingthing

True. But a loophole so big that TR hadn't ever bothered typical retired expats living on remittances before and I have never heard of even one even filing except if they had a presence in the THAI economy.

BTW, at the shop that I found that I like, I asked about their customer base. They told me all the tourist nationalities and Thais as well.

It's kind of like wine. Many people don't appreciate better wine. In fact, their palate doesn't register the difference. But many people do. The different strains REALLY do have different effects.

Coincidentally I found one that I think is better than the online options. Why? Fair price. Excellent and FRESH product which you can see and smell how FRESH. I'm not into the 10 baht a gram stuff. I like higher end. I can get higher end online for maybe 30 baht less, but sometimes they ship STALE product and popcorn buds when you paid for more. At the shop I used, there was another customer who appeared to be a regular coming in as I left. So yes they're there to sell products. Obviously, there is an oversupply of shops. I guess it's an easy business to start is the reason there are so many.

My understanding is that IF the worldwide income thing comes into play it would take multiple years to actually roll it out. But there is something real that we know is real for tax year 2024 about remittances. The old wonderful loophole is now gone. So far, that's all that has changed but it's potentially a very big change.

I get your point. HOWEVER. in the Thai tax system you file without the need to document. Documentation demands only come IF you're audited. So having a DEFENSIBLE plan for how you are SELF determining your tax situation is required either from the taxpayer himself or a preparer. I got the First In First Out guideline from a Thai owned tax specialist company. Would it be accepted by TR on audit? I can't predict the future but following that is better than having no logical structure for your self determination.

I find this line of "debate" tedious.

"They" already did something which you would know if you had been paying attention. If you're talking about details of enforcement, etc. regarding typical retired expats, then you're correct, we don't know the details about that yet. As far as I can tell, they haven't been auditing typical retired expats living on remittances up till now. Maybe that golden age will continue. But they have solid grounds now to look at that demographic more closely now as they did close the wide as the Grand Canyon loophole about timing of remittances.

We already know that according to TR things are different starting Jan 1, 2024. Everyone for example should know the balance of their savings on Dec. 31, 2023.

Because I think it's highly likely that having a record of my "mixed" source account is going to be a useful thing to have.

Genocide: www.rferl.org/a/russia-genocide-ukraine-scholar-war-crimes-prosecution-hague/32888386.html

Thanks. Ideally I'm looking for a tool that would highlight the assessable portion in some distinctive visual way so in the context of my original example I could always see when the withdraws were heading from exempt into assessable territory. I assume any tool could be used to print reports.

I'll look into those tools but this task is a simple one by accounting standards and I'm wondering if there's a super easy tool for "idiots" that would work for someone that has never done spreadsheets or bookkeeping of any kind.

Trump the greatest con man who ever lived.

There's a current technical glitch with links on the forum. So paste this address in: www.foreignaffairs.com/ukraine/why-russias-war-ukraine-genocide

Why would I agree with anyone's praise of Putin?

Sorry for any confusion. You seemed to be adding a confusing element by suggesting part of the original 20K (EXEMPT) would actually not be.

Thanks. I think that I probably understand you now, by which I mean according to my understanding I was basically correct at first. Perhaps using the word EXEMPT would have been better for the chunks out of TR's interest.

Thanks. I was going to get into this later. Suggesting for bookkeeping tools.

Confusing answer. I said EXPLICITLY that the original 20K was no accessible by TR if remitted. The newer 5k would be. Another thing. I expect that there would be mixed remittances. With proper records I would know which part of interest to TR and which not.

I'm not saying it's rocket science but it's not something I've done before with no bookkeeping experience. I would also be SPENDING from the same account which would constantly move the numbers as well.

Let me ask this another way. Say my source MIXED account has 20K (not accessed by TR if transferred). Later I deposit 5K into that MIXED account that would be accessed by TR is transferred. So then I remit 5K to Thailand. First in my MIXED account was 20K, but are you saying that if I remit that 5K put in AFTER the 20K that the 5K would be accessed?!?

Thanks but I don't understand your answer! The U.S. account would be MIXED. So for my purposes of figuring out which parts of that account are accessed by TR if transferred I would need (for my own purposes) to know in detail about every dollar in that account and would also need to track the flows in detail, always knowing which parts would be accessed by TR if transferred. You seem to be talking about it from the TR end only. I'm not talking about telling TR all this detail or mentioning EXEMPT transfers at all. But if audited I would need to show the source MIXED account and show the time history of the funds and as the source U.S. account is mixed the different parts would need to be identified. So in that context is my comprehension still wrong?!? If so, I'm at a total loss as to how to handle such a MIXED account.

It's you that doesn't understand or more likely chooses to be willfully ignorant. Why Russia’s War in Ukraine Is a Genocide | Foreign Affairs Why Russia’s War in Ukraine Is a Genocide | Foreign Affairs Why Russia’s War in Ukraine Is a Genocide Not Just a Land Grab, but a Bid to Expunge a Nation With every passing day, it is becoming clearer that Russia is committing the gravest crime imaginable in Ukraine: genocide. Russian forces have ravaged many parts of the country, massacring, raping, torturing, deporting, and terrorizing a vulnerable civilian population. A chilling logic lies behind these acts of violence, one that seeks to extinguish Ukrainian national identity, wiping out modern Ukraine as an independent country through the killing and the Russification of its residents.

I would like to get my understanding of "First In, First Out" confirmed in the context of a U.S. account where accessible and non-accessible to Thai tax is MIXED. The account is used to transfer funds into Thailand. I will do this by example. Deposit of 10K non accessible into the U.S. mixed account. Deposit of 15K accessible into the U.S. mixed account. Deposit of 20K non accessible into the U.S. mixed account. Transfer of 12K into Thailand. Only 2K of that 12K accessible as the "first in" 10K was non accessible. Transfer of 15K into Thailand. The remaining 13K of the 15K accessible plus 2K non accessible. Does this example reflect a correct understanding of "First In First Out" or not? If not, what am I getting wrong?